ClickandBuy has recently added real-time transaction analysis technology from IRIS Analytics to its arsenal of fraud protection mechanisms. IRIS Analytics’ flagship product IRIS is used to monitor the whole range of ClickandBuy user activities, such as payments, pay-outs, user registrations, etc., in real-time. When fraud is suspected, the respective user action may be blocked, or for example in the case of payments, a more secure payment mechanism may be offered.

ClickandBuy offers more than 50 payment methods in more than 120 currencies to their customers. “We were looking for a versatile fraud prevention solution that covers the entire gambit of user activity, while being flexible enough to immunise us against new fraud threats on a same day basis. This is exactly what IRIS delivers”, states Christian von Hammel-Bonten, SVP Head of Strategy and Business Development at ClickandBuy.

“The analytical strengths and the highly flexible decision making mechanisms of IRIS help ClickandBuy to convert unknown customers into secure customers. In turn, merchants benefit from both fraud reduction and higher sales volumes”, adds Nikolaus D. Bayer, managing director at IRIS Analytics.

About ClickandBuy

ClickandBuy is one of the leading payment services in the internet. Certified by McAfee and tested by Germany’s Technical Inspection and Testing Association (TÜV), this online payment system is used for internet purchases by over 13 million people. Having doubled its turnover generated by traders and end customers to € 922 million (TTV) in 2008, the ClickandBuy Group first crossed the billion euro threshold in 2009.

Over 16.000 online traders use ClickandBuy’s epayment system for their ecommerce, retail, online entertainment, and paid content & services billing, including Deutsche Telekom, Scout24 Group, Apple iTunes, Napster, Orange, msn, AOL, Meetic, Parship, Electronic Arts (EA), Codemasters, McAfee, Panda, RTL, Playboy, Financial Times Deutschland, Foto.com, Deutsche Boerse Group, KPMG, Yamaha, Digital River, Redcoon, bonprix (Otto Group).

Founded in 1999, ClickandBuy represents over 10 years of experience and expertise in the e-payment market. The online payment system is operated by ClickandBuy International Ltd. in London. As an e-money institution licensed by the UK’s Financial Services Authority (FSA), ClickandBuy’s complete service includes 120 currencies and offers 50 national and international modes of payment throughout 31 countries.

About IRIS Analytics

IRIS Analytics serves the electronic payments industry as a competence centre for the prevention of payment fraud. The company develops and markets the IRIS fraud prevention solution and provides consulting services. Issuers, acquirers and payment processors across the globe use IRIS, and thereby benefit from reduced fraud losses, increased customer satisfaction and significant TCO reduction.

Media contacts

Nikolaus D. Bayer
IRIS Analytics GmbH
nikolaus.bayer@iris.de

Kateryna Kogan
ClickandBuy International Ltd.
pr@clickandbuy.com